Market Research Blog – Page 8990 – New Product Development

Women’s Watch Market – Business Opportunities and Global Forecast to 2031

Watch has become a major fashion accessory among women and also shows the status symbol in society which is propelling the demand for women watch.

Moreover, women have watches according to shades of cloths which fuels the global women’s watch market during the forecast period. Also, new watch launches by key players like Rado, Audemars Piguet, Louis Vuitton, and fossil are assumed to give a positive impact on the women’s watch market As a result, the women’s watch market is set to witness a steady rise at a CAGR of 6.1% during the forecast period

What is Driving Demand for Women’s Watch?

The rise in the number of working women has accelerated the sales of women’s watches across the globe. Also, the increase in innovative and customized designs is anticipated to drive the market in the next few years.

Usage of women watch is no longer limited to offices and functions. Women wear these watches as a fashion statement. Moreover, watches are gifted on various occasions or events like birthdays and anniversaries. This consumption behaviour is expected to positively impact market growth.

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Furthermore, the trend of smartwatches among women nowadays drives the women’s watch market. Many prominent key players in the women’s watch industry include Withings Steel, Fitbit Versa Smart Watch, are investing in the research and development sector for introducing smartwatches with a more efficient battery, excellent performance and advance features like connect with GPS, receive calls and texts.

Many players are principally engaged in introducing varieties of attractive designs at affordable prices. This innovation and new launch gives the opportunity to the customers to choose the watch according to their budget and also encourage other players to invest in this sector which drives the market during the forecast period.

Introduction of Smart Feature Along with the Growing Health Awareness are Likely to Augment Women’s Watch Sales

Growing awareness regarding health among women all around the globe has resulted in the raised women’s spending on health care gadgets, which has further lead the market of smartwatches. This smartwatch has multiple features like walk tracking, analyze heartbeat rate, connect with smartphones and other advanced applications which has raised the sales of women’s smartwatches.

For instance, Fossile launched Gen 4 Venture, an impressive watch for women. Apart from good looks, this watch offers extra features to the customers like recording the activity done by the women as well as the Calories burned while doing physical activity. These watches can be used as a sleep monitoring device. All these advanced features offered by manufacturers are anticipated to drive the demand for jewellery over the forecast period.

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Impact of COVID-19 on Women’s Watch Market

Due to the COVID-19 pandemic, the demand for women watches was affected severely, as the pandemic resulted in the closure of showrooms and shops which affected the market in the long run.

However, taking advantage of the prevalent situation, many players in the market have introduced coronavirus detecting watches, which detects the coronavirus in women. For instance, Apple introduced the Apple Watch Series 6 in September 2020, in this smartwatch a sensor is installed which display the approximate value of the blood oxygen and pulse rate.

US and Canada Women’s Watch Market Outlook

The ladies of the United States and Canada are technologically outstanding and have a higher mission for strong advancements with a vision to make life simpler. Young ladies in the region are more aware of smart technology which has increased the demand for smartwatches in the region.

Moreover, for expanding the product portfolio of smartwatches in the region, many prominent players like Zelos, Shreve & Co., VANNA and Fossil continuously launching smartwatches at different price ranges.

For instance, Fossil launched a smartwatch that keeps the record of the user physical activity and also monitors the heartbeat and the blood pressure of the person. This helps the player to strengthen their presence in the regional market.

Europe Demand Outlook for Women’s Watch

According to the report of BMI in 2019, 37% to 58% women in Italy and Croatia suffer from obesity, which is increasing the demand for health gadgets like fitness band/watch in the European market.

The growing popularity of fitness watches among women, which also helps in recording body activity like cycling, swimming laps, daily steps, sleeping pattern, pulse rate and blood pressure. These advanced features encourage women to buy a smartwatch to accessing their regular activates including calories intake. Furthermore, the rising income of people enabling them to buy such smart products which also meet their requirements and desires.

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Moreover, with an aim of business expansion and growing business portfolio, players are creating a partnership with the regional distributors to get feedback from the customers and fulfil the demands of the customers. This helps the players to generate more revenue.

Who are the Key Manufacturers and Suppliers of Women’s Watch?

Some of the leading manufacturers and suppliers of ladies watches include

The Swatch Group Ltd,
Daniel Wellington,
Apple Inc.,
Helios,
BESPOKE UNIT, LLC.,
Rolex,
NEOBIAO,
realme.,
Vacheron Constantin,
Compagnie Financière Richemont SA,
Titan Company Limited.,
PATEK PHILIPPE SA,
Chanel, Xiaomi Global Community,
LVMH,
Bulgari’s,
Shreve & Co.,
CARTIER, FOSSIL GROUP, INC.,
Audemars Piguet,
VANNA, CITIZEN WATCH COMPANY OF AMERICA, INC.,
Dior, Harry Winston, Inc.,
Breguet, RADO WATCH CO. LTD.,
Ethos Watch Boutiques.,
Folli Follie Online.,
Louis Vuitton,
Hermès and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Product Types:

Mechanical
Smart
Other

By Price:

Under US$200
US$200-US$400
US$400-US$600
US$600- US$800
US$800 & above

By Distribution Channels:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Online retailing
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Anime Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

The global anime market is expected to be worth US$ 25.624 Billion in 2022 and US$ 52.997 Billion by 2032, with a 7.5 percent CAGR from 2022 to 2032.

Increasing OTT platform preference for viewing entertainment content is expected to be a key driver driving demand for anime content throughout the forecast period. The increasing number of anime production companies and film artists also adds to the expansion of the anime market share.

Recent trends in the anime market that are driving the sales of anime content include advancements in computer animation techniques. Anime creators have reduced production costs by utilising developing technologies. The number of production businesses active in the global anime market has increased dramatically, creating numerous market growth opportunities.

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The increasing propensity of millennials to watch anime content, as well as the rise in disposable incomes in emerging economies, have created opportunities for growth in the anime market.

As a result of the rapid expansion of distribution channels such as Crunchyroll, Daisuki, Netflix, and Amazon, among others, the anime market has gained a stunning number of new consumers. The availability of live entertainment and internet streaming of such content has resulted in a surge in popularity of anime.

Furthermore, the increasing usage of cutting-edge technologies such as blockchain and Artificial Intelligence (AI) in anime games to improve the overall gaming experience bodes well for the expansion of the anime market size.

Anime entertainment is becoming increasingly popular all around the world. Some of the most popular anime series are Naruto, One Piece, Hunter X Hunter, and Dragon Ball Z. Anime comics, also known as manga, are growing in popularity among anime fans all around the world.

Key Takeaways from Market Study

Between 2022 and 2032, the live entertainment segment is predicted to lead the anime market with a share of 8,366.3 Mn and rise at a CAGR of 9%.
Furthermore, merchandising accounted for more than 29 percent of worldwide revenue in 2021 and is likely to expand in the anime industry throughout the forecast period.
The online distribution category is likely to grow at the fastest CAGR throughout the forecast period. Rising sales of anime material via application games and internet streaming platforms, particularly in overseas markets, are expected to fuel segment growth.
In 2021, Japan has the largest market share of more than 43.0 percent and is expected to maintain its dominance throughout the projected period. Japan is renowned as a hotspot for animation studios. In Japan, there are roughly 622 animation studios, with over 542 in Tokyo alone.
The Middle East and Africa (MEA) regional market is predicted to grow at a CAGR of 9.4% from 2022 to 2032, owing to the region’s growing fan base for anime content.

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“The rising popularity of anime content is expected to propel the anime market forward over the forecast period. The development of anime games, as well as the growing demand for online anime content distribution, which accounts for a significant portion of anime sales, are expected to drive anime market growth.”- Future Market Insights Analyst.

Competitive Landscape

The presence of multiple players in the anime market makes it more competitive. The number of item distributors and manufacturers in the anime sector has grown dramatically in recent years. As merchandising and licensing items became more competitive, the value chain in the global anime market expanded.

The growing number of creative content owners licensing their anime productions and gaming characters to a small number of distributors and manufacturers is driving up revenue in the merchandising and licensing market.

The following companies are among the major players in the global anime market: Production I.G, Inc., Madhouse Inc., Kyoto Animation Co., Ltd., Toei Animation Co., Ltd., and Bones Inc.

Recent Developments in Anime Market:

Netflix partnered with six Japanese anime developers, including Shin Kibayashi, Otsuichi, Mari Yamazaki, CLAMP, Yasuo Ohtagaki, and Tow Ubukata, to deliver original anime content in February 2020.
Masterpiece Studio, a developer of 3-dimensional creative and animation software platforms, has announced the release of a free edition of Masterpiece Studio Pro in November 2021. The advanced platform would offer artists and independent producers a full VR creative suite for deploying 3-dimensional products and characters for animations, games, and metaverse.
In March 2022, Kinetix, a deep technology firm, partnered with Adobe, the pioneer of 3D Animation, to make 3D Animation Aided by Artificial Intelligence (AI) broadly available to creators.

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Key Segments

By Application:

T.V.
Movie
Video
Internet Distribution
Merchandising
Music
Pachinko
Live Entertainment

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Component Content Management Systems Market is Anticipated to Expand at a CAGR of 9% from 2022 to 2032

The global component content management system market is expected to expand at a CAGR of 9% while garnering a market value worth US$ 7.3 Billion during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the growing demand for content optimization software.

Further, the increasing popularity of multi-channel publishing is projected to be another salient factor augmenting the market size during the assessment time. In addition, the surging adoption of workflow automation technologies in companies is likely to benefit the industry in the assessment period. Institutions across the globe are opting for efficient component content management systems for several solutions, and the trend is projected to maintain its position during the assessment time.

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Additionally, players in the market are integrating AI, machine learning, and analytics-based solutions, which are expected to provide significant opportunities for market growth. In March 2021, Datamatics Global Services Limited launched an advanced version of TruCap+ with pre-built AI/ML capabilities. The solution allows enterprises to perform end-to-end document processes with high accuracy. Such steps taken by players are anticipated to support market growth during the forecast period.

Key Takeaways from the Market Study:

By type, the cloud-based segment is expected to expand at a CAGR of 8.7% during the forecast period
Based on application, the large enterprise segment is projected to witness a growth rate of 8.5% in the assessment period
Market in the U.K is anticipated to garner a market value worth US$ 335.1 Million by 2032.
The industry in China to propel at a CAGR of 9.1% during the assessment period.
Sales in Japan is expected to increase at a growth rate of 8.3% during the assessment time.
The market in South Korea is projected to hold a market value of US$ 7.3% during the forecast period.

Competition Analysis

Key players in the global component content management systems market include IXIASOFT, Adobe, eZ Systems, SDL Tridion Docs, and OpenText.

Recent developments in the industry are:

In 2021, IXIASOFT, a Canadian company, announced that it acquired AuthorBridge from Stilo International.
In April 2021, Hyland acquired a content services platform, called Nuxeo. The acquisition put the entire company, including products and technology, under Hyland.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global component content management systems market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Profiled In The Component Content Management Systems Market Report

Component Content Management Systems Market by Type:

Cloud-based Component Content Management Systems
Web-based Component Content Management Systems

Component Content Management Systems Market by Application:

Component Content Management Systems for Large Enterprises
Component Content Management Systems for SMEs

Component Content Management Systems Market by Region:

North America Component Content Management Systems Market
Latin America Component Content Management Systems Market
Europe Component Content Management Systems Market
Asia Pacific Component Content Management Systems Market
Middle East and Africa Component Content Management Systems Market

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Computer Aided Facility Management (CAFM) Market is Increase at a CAGR of 7.1% from 2022 to 2032 | FMI

According to the computer aided facility management (CAFM) market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 7.1% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 1,047.5 Mn by 2022 and US$ 2,081.4 Mn by 2032. Technologies such as Internet of Things (IoT), cloud-computing, automation and others are responsible for the growth of CAFM software as these technologies are deployed by facilities management vendors to help enterprises work in the data-driven environment.

Big data is transforming maintenance and operation regimes across the facilities management industry. The technology allows facilities management to gain meaningful insights from a vast amount of heterogeneous data gathered from a variety of sources. Integration of sensors with IoT provides insights for reduction of real estate cost and enhancing the overall employee experience.

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Further, IoT sensors play a key role in identifying spaces used on regular bases for adjusting cleaning schedule while saving time and cost. This enables cleaner, safer workplaces with smarter, more responsive maintenance. Thus, adoption of technologies such as big data and IoT is fueling the growth.

Key Takeaways: Computer Aided Facility Management (CAFM) Market

By solution, computer aided facility management software segment is anticipated to account for the leading share 71.2% in the global demand for computer aided facility management during 2032.
By enterprise size, the adoption of computer aided facility managements in small & medium enterprises is anticipated to increase at a CAGR of 8.6% between 2022 & 2032.
By industry, the adoption of computer aided facility management in IT & Telecom is anticipated to grow at a CAGR of 9.9% between 2022 & 2032, while manufacturing segment is dominating the market share during the current year 2022.
North America is expected to lead the market followed by East Asia in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
Japan computer aided facility management (CAFM) market is expected to progress at a CAGR of 6.0% through 2032.
In GCC Countries, sales of computer aided facility management (CAFM) solutions are expected to increase at a CAGR of 9.0% over the forecast period.

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Increasing Demand for Integrated Facilities Management to Drive CAFM Market

Integrated facilities management is the consolidation of entire facility-related solutions and processes under single unified management group with a single point of contact. It is a proven method for streamlining of operations and task management in large enterprises. It is easy to observe why the facilities management market has been on the rise in terms of technology owing to rising surge for space management, smart infrastructure and cloud based solutions.

With growing importance for enhanced collaboration, improved human resource engagement, accurate reporting and disaster planning the insistence for computer aided facilities management software which serves the consolidated benefits of integrated facilities is predicted to rise, creating an attractive environment for CAFM software market players.

Growing Demand for Smart Facilities Propelling CAFM Market Growth

The CAFM market has seen considerable growth in the recent years owing to the insistence for smart facilities for enhanced employee experience at the workplace. Controlling work environment variables is simply one aspect of facilities management which further includes optimization of workplace and anticipating complications for creating a rational positive experience for employees.

Emergence of smart buildings in large scale enterprises equipped with sensors and technology, has resulted in a higher demand for facilities management services that goes beyond the typical scope of employment with purposeful use of the available space being crucial and essential part in cost and efficiency of the enterprise.

Smart software leverages technologies such AI, machine learning for energy predictions, predictive maintenance and security providing high level of assistance for facility managers while facilitating workforce with the finest experience in workplace management.

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Computer Aided Facility Management (CAFM) Outlook By Category

By Solution:

Computer Aided Facility Management (CAFM) Software
Services

By Enterprise Size:

Small and Mid-Size Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
BFSI
Manufacturing
Energy & Utilities
Government & Defense
Healthcare & Life Sciences
Retail & CPG
Transportation & Logistics
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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Fraud Detection and Prevention Market is Expected to Account for US$ 133.5 Billion in 2032 | Report by FMI

The fraud detection and prevention market is predicted to account for US$ 133.5 Billion in 2032, up from US$ 27.1 Billion in 2022, advancing at a CAGR of 17.3% during the forecast period (2022-2032).

Demand for fraud detection and prevention are likely to increase in the forecast period from 2022 to 2032 due to the increase in cyberattack all around the globe. The adoption of fraud detection and prevention is likely to grow in the fraud detection and prevention market to reduce such incidents.

The hackers are boosting the market while hacking several e-commerce and online shopping sites due to the high number of users spending time on the online sites or e-commerce sites for purchasing grocery and other personal use products, which increases the sales of fraud detection and prevention.

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They make the payment through the online payment mode on which they are likely to fraud with the real-time consumers with their online transaction, which leads to rapid growth in the adoption of fraud detection and prevention in the companies.

Increasing the cashless transaction and paying through various online transfer money applications generated the fraud through the hackers, which increased the sales of fraud detection and prevention.

The North American region is supposed to dominate in the fraud detection and prevention market size during the forecast period from 2022 to 2032. Due to huge corporate and multinational companies in the region, the hackers grab the opportunities to overtake the online money transactions along with their data which generates huge demand for fraud detection and prevention all around the globe.

All these factors are estimated to boost the fraud detection and prevention market share as per the report of the FMI market during the forecast period from 2022 to 2032.

Key Takeaways:

Based on the fraud type segment, payment fraud is estimated to dominate the fraud detection and prevention market share during the forecast period 2022 to 2032.
By the Vertical segment, retail & commerce is anticipated to lead the fraud detection and prevention market size in the forecast period 2022 to 2032.
The U.S. holds a prominent role in the fraud detection and prevention market trends due to the number of corporate sectors and multi-national companies in the country.
By 2032, the fraud detection and prevention market share is anticipated to rise to the valuation of US$ 133.5 Billion with a CAGR of 17.3%.

Competitive Landscape:

The key competitive companies are focused on the growth of fraud detection and prevention market share in the coming forecast period from 2022 to 2032. The companies are leading with their innovative skills and tactics to rise in the growth of fraud detective and prevention market analysis.

They use methods such as partnerships, mergers, collaboration etc to boost the economy in the forthcoming year. Some of the prominent key players are as follows. They are BAE System plc, Nice Actimize, ACI Worldwide Inc, FICO, LexisNexis, TransUnion, Kount, Inc., and others.

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Key Segments

By Components:

Solutions Fraud Analytics, Authentication, Government, Risk and Compliance
Services {Professional Services, Managed Services}

By Fraud Type:

Check Fraud
Identity Fraud
Internet/Online Fraud
Investment Fraud
Payment Frauds
Insurance Fraud
Others

By Deployment Mode:

Cloud
On-premises

By Organization Size:

SMEs
Large Enterprises

By Vertical:

BFSI {Banking and Financial, Insurance}
Retail and Commerce
Government
Healthcare
Manufacturing
Ravel
Transportation
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Pharmaceutical Caps and Closures Market | Berry Global Inc., Amcor Plc, Aptar Inc., Closure Systems International Inc. | By 2031

According to Future Market Insights (FMI), the demand for pharmaceutical caps and closures is expected to rise considerably, enabling the market to surpass US$ 2.27 Bn in valuation by the end of 2021.

Continuous advancements in research and development for drug supplements is a key factor speeding up packaging innovations. Advanced technologies used in packaging primarily focus on ensuring stability of drugs during storage, shipment, and delivery.

In the coming years, the rising cases of chronic disease will support the expansion of the market. The role of smart packaging for medication is increasing to offer greater precision of administered medication, which directly affects patient compliance. This will influence the adoption of cost-effective yet advanced packaging solutions among manufacturers.

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The pharmaceutical caps and closures market will therefore register adoption of digital manufacturing. This technology offers high quality caps and closure, with minimal time and cost requirements.

Focus on reducing product damage by user has encouraged inventors to introduce multi-dose delivery caps. The product’s user can remove fluid from the vial by interfacing a needle to the cap. The smart cap ensures that leftover fluid is clean. In the past few years, environmental awareness among consumers has increased the need for sustainable packaging. In pharmaceutical packaging, the primary concern is product stability.

The demand for reducing the risk of cross contamination of product drives the use of biodegradable material in caps and closures. Also, waste product management is a key concern. Environmentally-friendly material produce lesser waste and are also recyclable. Despite this, plastics remain the preferred material for manufacturing caps and closures. Plastic use in the market is expected to rise at 6.4% as producers aim for greater flexibility.

Key Takeaways from Pharmaceutical caps and closures Services Market Study

Despite restricted growth amid COVID-19, the demand for pharmaceutical caps and closures is expected to rise at nearly 5% CAGR in 2021.
Increasing focus on light weight packaging is driving a transition towards resin-based packaging material.
The U.K. and Germany are leading markets in Europe, accounting for more than 26% and 17% of the Europe market respectively in 2021
The U.S. will account for a dominant share of 89% in the North America market through the forecast period.
China is the largest and fastest growing market in East Asia, exhibiting 8% CAGR through 2031.

“Increasing demand for smart and safe packaging solutions for pharmaceuticals, besides favorable reimbursement policies will offer lucrative growth opportunities for pharmaceutical caps and closure manufacturers through the assessment period in 2031,” says the FMI analyst.

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Increase in Funding for Research Activities Offers Growth Opportunities

Leading manufacturers in the pharmaceutical caps and closures market are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research pharmaceutical packaging products.

For instance, Voltaren “No Mess” applicator from GSK Consumer Health was co-developed with Neopac and Nypro Healthcare.

Big drug producers are expected to benefit from the globalization of labor forces, that is, employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

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Who is winning?

The global market is set to expand due to the rising prevalence of chronic diseases. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the pharmaceutical caps and closures market include but are not limited to Berry Global Inc., Amcor Plc, Aptar Inc., Closure Systems International Inc., O.Berk Company LLC, Bericap GmbH and Co KG, UNITED CAPS, CL Smith Company, Georg MENSHEN GmbH & Co. KG, WestRock Company, West Pharmaceutical Services Inc., Drug Plastics and Glass Co Inc., Gerresheimer AG, DWK Life Sciences GmbH, Parekhplast India Limited, and Parshva Exim Limited.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global pharmaceutical caps and closures market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the pharmaceutical caps and closures treatment market on basis of the main indication in detail, cover every aspect of the market such as product type, molecule type, application, and service provider across seven major regions.

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Phramacutical caps and Closures Services Market by Category

Product type

Screw Caps & Closure
Snap Caps & Closure
Push-Pull Caps & Closure
Stopper & Seals
Others

Functionality

Child Resistant
Tamper-evident

Material type

Plastic
Elastomer
Metal

Avalability

Prescription (Rx) Pharmaceuticals
“Over-the-Counter (OTC) Pharmaceuticals”

Drug Modality

Small Molecule (Synthetic Drugs)
Biopharmaceuticals

Therapeutic class

Anticancer Drugs
Anti-infective Drugs
Anti-viral Drugs
Anti-bacterial Drugs
Anti-fungal Drugs
Others
Cardiovascular Drugs
Anti-inflammatory Drugs
Analgesics Drugs
Anti-diabetics
Ophthalmic Drugs
Neurological Drugs
Others

End Users

Pharmaceutical & Biotechnology Companies
Contract Manufacturing Organizations (CMO)
Contract Research Organizations (CRO)
Academic & Research Institutes

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)

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Orthopaedic Prosthetics Market | Ossur, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew plc | By 2030

Global Orthopaedic Prosthetics Market will be worth US$ 3.22 Bn by 2030 will witness a CAGR of over 4.5%. Orthopaedic prosthetics have been witnessing personalized breakthrough innovations since the last few years. The market is witnessing customized prosthetics that enable modifications on the basis of functionality and anatomy of the respective patient.

According to FMI, tailored orthopaedic prosthetics, an outcome of 3D imaging software, is available in various lengths and sizes. This innovation is likely to drive the orthopaedic prosthetics market during the forecast period.

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Reconstructing or amputating of lower limb proves to be challenging for both – practitioners as well as patients as it largely depends on the affected limb’s viability and characteristics.

However, advances with respect to orthopaedic prostheses have paved the way for loads of options to be considered while choosing between limb amputation and reconstruction. As such, the well-fitting prostheses avert the rest of the soft tissue’s breakdown by redistribution of compressive force at the time of weight bearing, thereby minimizing force on skin. This convenience holds the flag for lower extremity orthopaedic prosthetics high in the forecast period.

As far as technology is concerned, digitally empowered devices are the future of orthopaedic prosthetics market. Along with anticipating patients’ actions (through the use of AI), these devices enable remote monitoring. Digitally powered orthopaedic prosthetics are all set to revolutionize the market at present and also in the forecast period.

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Also, as mentioned above, personalization of products gets a simplified approach with digitization, as traceability becomes easy. Also, 3D imaging helps the patient visualize the placement of limbs well in advance, thereby voicing his/her choice with regards to implants.

Though North America and Europe account for leading revenue share, opportunities in Asia Pacific are growing. The countries like India, China, Thailand, Saudi Arabia are on the verge of increasing the contribution of their GDP towards healthcare.

As Asia Pacific is home to majority of those suffering from diabetic ailments, the orthopaedic prosthetics market set to catch up herein. On the other hand, the consistency shown by North America and Europe could be attributed to increasing incidences of peripheral vascular diseases concerned with limbs coupled with injuries related to sports.

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Orthopaedic Prosthetics Market, a new study from Future Market Insights, opines on the evolution of the orthopaedic prosthetics market from 2014 – 2018 and presents demand projections from 2020 – 2030 on the basis of; product (upper extremity prosthetics, lower extremity prosthetics, sockets, liners and modular components), technology (conventional, hybrid orthopaedic prosthetics and electric powered orthopaedic prosthetics) and end user (prosthetic clinics, hospitals, rehabilitation centre and others) across seven prominent regions.

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Key Players in Orthopaedic Prosthetics Market

The global orthopaedic prosthetics market is pretty competitive. The four players contributing to more than 50% of market share include Ossur, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew plc., Exatech Inc., Howard Orthopaedics Inc., Hanger Inc., Wishbone Medical, Pega Medical, OrthoPediatrics, Arthrex, As such, they are termed as “Tier I” players.

The global orthopaedic prosthetics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

Upper Extremity Prosthetics
- Hand Prosthetics
- Elbow Prosthetics
- Shoulder Prosthetics
Lower Extremity Prosthetics
- Foot & Ankle Prosthetics
- Knee Prosthetics
- Hip Prosthetics
Liners
Sockets
Modular Components

Technology

Conventional
Electric Powered
Hybrid Orthopaedic Prosthetics

End User

Hospitals
Prosthetic Clinics
Rehabilitation Center
Others

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Rx-to-OTC Switches Market is projected to reach US$ 58 bn by 2031 at a CAGR of 5.3%

As per a study by FMI, the global sales of Rx-to-OTC switches market is expected surpass evaluation of US$ 58 bn with a CAGR of 5.3% during the forecast period of 2021 and 2031. The market is estimated to reach US$ 35 bn in 2021, exhibiting a year-on-year growth rate of 5.2% during 2021. Sales rose at 1.5% CAGR between 2016 and 2020.

According to a study by FMI, allergy and respiratory drug segment will dominate the global market, accounting for a share of 26.7% in 2021. Demand for improved access to a wide range of medicines over the counter (OTC) for treating common ailments such as cough, cold, flu, headaches, and others will continue aiding sales in the market.

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The shift from Rx-to-OTC is picking up speed as OTC medications are financially savvy and convey first line treatment for a long time ailments. This has brought about decreased specialist visits, therefore expanding open doors for deals on the lookout.

The change of demonstrated professionally prescribed medications to nonprescription, over the counter status for treating normal infections is an exceptionally managed and experimentally thorough interaction yet it is generally picking up speed as it decreases gigantic weight from the medical care office.

For a medication to be allowed OTC status, it should stick to somewhere safe edge, bear reasonable marking, and should be viable. These limitations could obstruct or dial back the most common way of assembling and creation later on. Notwithstanding, more extensive reception of meds and items have amplified the interest for Rx-to-OTC items in the worldwide market.

According to FMI, the interest for sensitivity and respiratory medications will stay high on the lookout. The section is likewise conjecture to enlist 5.7% CAGR over the approaching ten years. Allergy meds were the primary medications to get Rx to OTC status and they have the capability of treating different way of life illnesses. This will stay one of the main drivers of the portion.

“Central members in the worldwide market are putting resources into item advancement to get quicker endorsement from FDA and other equivalent boss associations. For example, in June 2021, FDA supported Rx-to-OTC switch for Astepro sensitivity nasal splash, as most would consider to be normal to be accessible at mass retail stores in the U.S.”, says a FMI examiner.

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Key Takeaways

Retail pharmacies are expected to register a CAGR of 5.1% during the forecast period as they have improved the availability of OTC drugs for treatment of various common illnesses.
Allergy and respiratory drugs have higher potential for growth during the forecast period. The segment is to register a CAGR of 5.7% during the forecast period.
The U.S. holds 75% of share in the North America market. Presence of some of the leading companies will drive sales in the U.S.
The U.K is expected to account for 33% of the Europe market through 2031.

Key Drivers

Expansion strategies and investment by numerous pharmaceutical companies to attain approval will create lucrative opportunities, bolstering sales of Rx-to-OTC in global market.
The outbreak of COVID-19 pandemic is expected to boost demand for OTC products as doctor visits have become restricted during these times.
Rising investment in research and development activities for approval will create lucrative opportunities for the market.

Key Restrains

Conservative approach, low chances of approval, and declined approvals for traditional OTC product types will hamper the demand in the Rx-to-OTC market during the forecast period.
The global pandemic hindered manufacturing process and disrupted supply chain, hence slowing down the market growth.

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Competitive Landscape

The key players operating in the global Rx-to-OTC are focusing on adopting strategic collaboration to gain competitive edge. Besides this, they are engaging in product launches and improving their distribution channels to penetrate in regional markets.

For instance, Pfizer Inc. in April 2021, acquired Amplyx Pharmaceuticals, Inc., a private pharmaceutical company.

FDA in June 2021, approved Rx-to-OTC switch for Astepro allergy nasal spray and made it available at mass retail locations in the U.S.

Key Companies Profiled

GlaxoSmithKline plc.
Astrazeneca, Merck KGaA
Johnson & Johnson
Bayer AG
Sanofi
Boehringer Ingelheim Consumer Healthcare
Bausch and Lomb (A Subsidiary of Bausch Health)
Galderma SA
Alcon
Arbor Pharmaceuticals

Rx to OTC Switch Market by Category

Drug Category

Allergy and Respiratory
Fungal Infections & Other Infections
Overactive Bladder
Oral Contraceptives
Gastrointestinal Drugs
Hair Loss Treatments
Smoking Cessation
Analgesic, Inflammation And Pain Management
Others (Lice, Acne, Weight Loss, And Laxative)

Distribution Channel

Retail Pharmacies
Hospital Pharmacies
Drug Stores
Online Pharmacies

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)

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Life Science and Chemical Instruments Market | Agilent Technologies, Bio-Rad Laboratories, Dickinson and Company, Abott Laboratories | By 2032

The Life Science and Chemical Instrumentation market is anticipated to increase from US$ 40.7 Mn in 2021 to US$ 43.8 Mn in 2026, with a CAGR of 5.3% from 2022 to 2032.

Future Market Insights, in its latest business report, elaborates on the current situation of the global Life Science and Chemical Instrumentation market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Life Science and Chemical Instrumentation market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Life Science and Chemical Instrumentation market?
What are the drivers and challenges affecting the Life Science and Chemical Instrumentation market demand?
What are the recent technological advancement in the Life Science and Chemical Instrumentation market?
What are key trends and opportunities that will prevail the revenue growth of Life Science and Chemical Instrumentation market players?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Life Science and Chemical Instrumentation market?

Life Science and Chemical Instrumentation Market: Segmentation

Based on the areas the technologies, the life science and chemical instruments market can be categorized as follows:

Chromatography
Electrophoresis
DNA sequencers and amplifiers
Laboratory automation
Spectrometry
Flow cytometry
Microarrays

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The Life Science and Chemical Instrumentation market research gets rid of the following queries:

How the market for Life Science and Chemical Instrumentation is expected to shape in the coming ten years?
What strategies are the Life Science and Chemical Instrumentation market vendors implementing to stay ahead of their rivals?
Why are consumers shifting towards alternative Life Science and Chemical Instrumentation products?
What innovative technologies are the Life Science and Chemical Instrumentation players using to get an edge over their rivals?
What are the restraints affecting the growth of the global Life Science and Chemical Instrumentation market?

Reasons to Buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.

The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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Key Companies Profiled

Agilent Technologies
Bio-Rad Laboratories
Becton
Dickinson and Company
Abott Laboratories
Siemens Healthcare Diagnostics
Shimadzu Corporation
Thermo Fisher Scientific Inc.
Roche Diagnostics Inc.

Key Segment

By Technology:

Spectroscopy
Chromatography
Flow Cytometry
NGS
PCR
Microscopy

By End User:

Hospitals and Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Contract Research Organization (CRO)
Academia & Research Institutes

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Life Science and Chemical Instrumentation market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Cloud Communication Platform Market Research, Segmentation, Key Players Analysis and Forecast 2030

The global cloud communication platform market will experience a double-digit CAGR over the forecast period, 2020-2030. Upsurge in investments in IT infrastructure for cloud service providers (CSPs), internet service providers (ISPs), and hyperscalers have been critical in driving market growth. Further, the coronavirus (COVID-19) pandemic has compelled several organizations to turn to work from home (WFH) model, thereby, resulting in increasing deployment of cloud communication platform solutions.

Digital collaboration tool providers, including Zoom, and Microsoft, are witnessing a remarkable upswing in usage across continents due to lockdowns and stay-at-home orders. Given the shortage of on-site IT personnel, companies are utilizing cloud-based solutions to maintain and monitor their storage, and server installations in data centers. Enterprises are leveraging full potential of cloud to establish resilient and disaster-immune models to satiate the remote workforce, as well as ensure data security and enterprise application integrity.

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“While the COVID-19 pandemic is having a detrimental impact on the global economic order, it is having a mildly positive impact on cloud communication platform market. Although the pandemic is troubling cloud service providers, in uncertain times, the public cloud infrastructure is delivering flexibility and safe house for organizations striving to maintain normal operations” says the FMI study.

Cloud Communication Platform Market – Key Takeaways

The healthcare industry would remain key revenue generator, given rising trend of bring your own device (BYOD), and increasing need for mobility in the industry.
Benefits such as low costs, and greater functionality are bolstering the adoption of Unified communications as a service (UCaaS).
Large enterprises would remain the primary customer of cloud communication platform services.
Market in North America continues its positive trend, backed by increasing adoption of UCaaS and IVR solutions.

Cloud Communication Platform Market – Key Driving Factors

Rising preference for online backup and database solutions has boded well for market.
Increasing shift towards cloud-based unified communication services to push adoption rate.
Swelling demand for high-speed data transfer mediums in developing regions to offer growth potential to market players.

Cloud Communication Platform Market – Key Constraints

Security and privacy risks associated with shared communication networks are restricting widespread adoption.
Redesigning the network for cloud requires high initial cost.

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Anticipated Market Impact of Coronavirus Outbreak

The COVID-19 pandemic has hampered the revenue growth of almost every industry, including the cloud communication platform market. Alerted by the situation, several private, and government organizations have transitioned to remote working, thus, translating into swelling adoption of cloud communication platform solutions. In addition, customers are significantly banking on video streaming services as they strictly following self-isolating regulations.

Such evolving trends are auguring well for the cloud communication platform market. The Software-as-a-Service (SaaS) market expanded by nearly 1.4X in 2019 and will see a surge in demand amidst the COVID-19 crisis, as remote working becomes the new normal.

Competition Landscape

Key players in the cloud communication platform market are Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd., Avaya Inc., Ozonetel Systems Pvt. Ltd., and Dialogic Inc. Players are focusing on collaborations and new service launches in order to expand their presence further during the COVID-19 recession and extend their customer base.

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The global cloud communication platform market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Solutions